Cash to Close
When you’re buying a home, “cash to close” is a term you’ll hear often. It refers to the amount of money you’ll need to bring to the closing table to complete the transaction. In this article, we’ll explain what “cash…
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Cash Reserve
When you’re in the process of buying a home, you’ll probably come across the term cash reserve at some point. It’s an amount of money that you set aside in addition to your down payment and closing costs when you…
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Basis Points
When you’re in the process of getting a mortgage or trying to understand the financial terms associated with it, you may come across the term “basis points.” Understanding what basis points mean can help you make more informed decisions about…
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Appreciation
Appreciation is a term used in the mortgage industry to describe the increase in value of a property over time. In other words, it’s the amount by which the value of a property has grown since it was purchased. Appreciation…
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Appraisal
When it comes to buying a home, a crucial step in the process is obtaining an appraisal. An appraisal is an estimate of the value of a property, conducted by a licensed appraiser who assesses the condition of the property…
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Amortization
A common financial term that refers to the process of spreading out a loan or debt over a fixed period of time, typically through regular payments. It is commonly used in mortgages, auto loans, and other types of financing. Understanding…
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Adjustable-rate mortgage (ARM)
If you’re considering buying a home, you may be considering an Adjustable-rate mortgage (ARM) as one of your financing options. An ARM is a type of mortgage loan where the interest rate adjusts periodically based on a predetermined index. While…
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No-Doc Mortgage
No-Doc Mortgage No-doc mortgage, also known as no-income or stated-income mortgage allows an applicant to qualify for lending using non-standard documentation. A no-doc mortgage does not require income verification from the borrower. Instead, lenders approve this loan based on the…
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Small Business Loans Los Angeles
How to Qualify for Small Business Loans in Los Angeles There are many options you can use to secure funding for a small business. One of the most successful ways is getting a Small Business Administration (SBA) Loan. These are…
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What Lenders Look for in Commercial Real Estate Loans
What Lenders Look for in Commercial Real Estate Loans Small business owners and investors use small commercial properties nationwide to support and run their businesses. These types of assets are quite valuable especially when you need a loan to help…